Question

Rachael’s employer matches 16% of Rachel’s contribution to her 401k plan. If racheals employer contributed $400 to the plan a year , how much did racheal contribute to the plan last year

Answer 1

If x is Rachael's contributions
400=16%x
2,500=x

Rachael contributed $2,500 to her 401k last year

Answer 2

Answer:

$2500.

Step-by-step explanation:

Let x be represent the amount contributed by Rachael's to her 401(k) plan.

We have been given that Rachael’s employer matches 16% of Rachel’s contribution to her 401(k) plan. Rachael's employer contributed $400 to the plan a year.

We need to find x such that 16% of x is $400.

$\frac{16}{100}*x=\ 400$

$0.16*x=\ 400$

$\frac{0.16*x}{0.16}=\frac{\ 400}{0.16}$

$x=\ 2500$

Therefore, Rachael contributed $2500 to the plan last year.